Verizon Communications Inc. (NYSE: VZ) on Monday said it would see higher margins in 2014, after the completion of its deal to buy the 45 percent of Verizon Wireless from Vodafone.

On Monday, shares of Verizon Communications were down 1.21 percent to $46.70 in morning trading.

Over the weekend, Apple Inc. (NASDAQ: AAPL) released a software update for its iOS devices that dealt with an encryption failure. Apple stock edged up 0.57 percent to $528.30.

The Dow Jones industrial average jumped 124.91 points, or 0.78 percent, to 16,228.21. The S&P 500 gained 13.68 points, or 0.75 percent, to 1,849.93. The Nasdaq Composite added 32.39points, or 0.76 percent, to 4,295.80.

Video Credit: Reuters